Friday, April 21, 2006

its a $200,000 question

I finally figured out why i'm not rich and making it big.
no i didnt and have never read rich dad poor dad.
I dont have a i need to have money and lots of it complex.
(well i think that is part of the problem since nobody tries
hard to get things that they dont need right?) but i just
came across an article in time magazine. the one about
turning sixteen and being famous and a celebrity. It
was about the show my super sweet sixteen. in short
the article was about how teens made the coming of age
more memorable with some cool amounts of money.
so i asked myself when i saw the statement of this super
rich dad saying it was all worth it. i mean ok, so u love your
little princess and all even with all the crazy things she
did with your hard earned money to be a little more
recognised and have some flight time in the clouds.
does she know what was the cost of the money for you?
how much u had to slog for it?
or even if she didnt and that really doesnt matter because
the issue i have is this.
she knows what she wants to do with the 200 000.
even if i had the money i wouldnt know what to do with it.
and that disturbs me.
i wouldnt know how and what i can do to make the best use
of it.
i could ask for opinions and get an essay. but i wouldnt get a plan.
i would get things like (summarising)
-doing things to derive utility (gratification)
eg. i'd buy all the tiffany diamonds or eating at all the
expensive restaurants or travel the world.
persue childhood dreams.
-things to get more money
eg. i'd put it in a bank. or buy stocks, shares and property.
i'll start a business

then the next question would be how in this case
-altruistic and idealistic answers might have
i'd donate it to charity or i'm going to fund research and
conservation.
then the next question to that is how would you sustain
this funding at the depletion of your first 200 000
(i wouldnt say that one doesnt get utility from this
but i'd like to say that donar fatigue and such stand off
contributions wont make it seem as if one is passionate
about such activity. but just an observation anyway)

so my questions are these. even if i have such capital
what will i really do with it to make the most of it?
how do i do capital raising, and at what rate? how do i
continue to raise capital and what and how are the
way(s) to do it?

i think if only i know how to make money work for me
instead of me working for it is the way to go about to
make more money. oh and this was just an observation
when i saw that desperate people will work harder and
smarter because they need to survive

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